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Goldman Sachs CEO is summoning workers back to the office by June 14

A trader works at the Goldman Sachs stall on the floor of the New York Stock Exchange.Brendan McDermid | ReutersThe boss of Goldman Sachs told workers in the U.S. and the United Kingdom on Tuesday that the bank wants them to be ready to return to the office by

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A powerful rotation out of tech stocks could start this month, Wells Fargo’s Chris Harvey says

Wells Fargo Securities' Chris Harvey is calling Big Tech's recent outperformance a "head fake."In a recent note to investors, he wrote economically sensitive groups will overtake growth as a leading market driver, and the powerful rotation could happen as soon as this month. So, he's urging investors who are

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Runaway inflation is the biggest risk facing investors, Leuthold’s Jim Paulsen warns

Jim Paulsen is on watch for runaway inflation.In a note to clients this week, the Leuthold Group chief investment strategist warned it's the biggest risk facing the bull market, and the stakes couldn't be higher for investors."I would put decent odds that it could get out of control and

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If Fed Chair Jerome Powell sounds ‘too optimistic’ this week, he’ll rattle Wall Street, Morgan Stanley warns

Morgan Stanley's Matthew Hornbach sees a chance the Federal Reserve's two day meeting this week will rattle investors.According to the firm's global head of macro strategy, Federal Reserve Chair Jerome Powell must avoid sounding too upbeat on Wednesday, when central bankers issue their policy statement and Powell holds a

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10-year Treasury yields will break out of slump within weeks, Wells Fargo predicts

The 10-year Treasury Note yield may be on the verge of breaking out of its slump.After stabilizing over the past several weeks, Wells Fargo Securities' Michael Schumacher predicts the current risk backdrop will re-energize yields in the coming weeks.He lists the Federal Reserve's high level of comfortableness surrounding rising

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IRDAI ask insurers to ensure expeditious settlement of COVID-19 claims

Regulator IRDAI on Friday asked insurers to ensure expeditious settlement of claims on cashless basis amidst reports of certain hospitals insisting on cash payments from policyholders for the treatment of Covid-19. Insurance Regulatory and Development Authority of India (IRDAI) has also requested all the hospitals not to differentiate the

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